Due to bullish market that happened in the XRP in the last days it seems bulls are back to this coin and we can expect more raising with this volume, but aside from the psychology of the market let’s take a look into its TA.
Price has started it’s raising with a pin bar candlestick from the intersection of the bottom line of red and the blue channel and for now I believe the first target would be the top of the blue channel around 3.3$-4$. Although it is possible that price meets the bottom line of the red channel again and start it’s move from there.
In the middle we have a strong resistance on 0.9752$ and also the middle line of the blue channel and if these resistances break out price will meet 3.3-4$.
In a big picture I think if price breaks out of the blue channel from top we can expect to see ripple around 20$ in the early of 2019.
Price has started it’s raising with a pin bar candlestick from the intersection of the bottom line of red and the blue channel and for now I believe the first target would be the top of the blue channel around 3.3$-4$. Although it is possible that price meets the bottom line of the red channel again and start it’s move from there.
In the middle we have a strong resistance on 0.9752$ and also the middle line of the blue channel and if these resistances break out price will meet 3.3-4$.
In a big picture I think if price breaks out of the blue channel from top we can expect to see ripple around 20$ in the early of 2019.
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As I've mentioned before a few days ago price meets the low of the red channel with a shadow and I believe the rising will begin from here.
For 20$ I think early of 2019 will not happen anymore but it is still a serious target for me.
For 20$ I think early of 2019 will not happen anymore but it is still a serious target for me.